dreamcatcher
- 20 Aug 2018 21:44
- 73 of 79
Proactive investor -
accesso Technology’s house broker says Prism product could shake up the UK festival market
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09:00 20 Aug 2018
The broker is forecasting a potential uplift of in both revenue and underlying earnings if the firm manages to capture a slice of the UK's 4mln festival-goers
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OVERVIEW: ACSO
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The broker said Prism would be "ideal" for festival goers to avoid carrying cash and queuing
Queuing and ticketing software firm accesso Technology Group PLC (LON:ACSO) has already established a foothold in its key markets, which include theme parks, cultural establishments, and live entertainment venues.
However, the company’s house broker is indicating the as yet untapped potential of an additional market, the UK’s festival sector.
Potential revenue and EBITDA uplift from festival-goers
In a note to clients, the broker said that with around 4mln people attending festivals in the UK each year, and with each one spending an average of £126 during the event, the UK in-festival market has a value of around £500mln.
The analysts added that some of the company’s products, such as its smart wristband Prism, could provide the company with an opportunity to disrupt the market segment “in a good way”.
“The cliché about festivals is mud, tents, drunkards and heavy partying, hence the accesso Prism device would be ideal – no need for a mobile phone and it is very robust” the broker said, adding that if the company could persuade 10% of the circa 4mln festival goers to spend £25 on the device it could potentially generate £8mln in revenue.
Analysts also said that “Capturing a portion of the 4mln UK festivalgoers would be a decent revenue and EBITDA uplift for accesso", and that despite the shares looking expensive compared to its peers, the group’s forecast 2017/20 compound annual growth rate (CAGR) of 34.5%, compared to its competitors on 14.1%, meant they were happy with their ‘Buy’ rating on the stock with a target price of 3,100p.
Strong start to 2018
The company has already seen a strong start to 2018 with several new agreements and a move into US markets that has seen its share price rise over 30% since January.
The AIM-listed ticketing and queuing software provider said the signing of a “significant” contract with Henry Ford Health System in March 2018 marked a bold new step and reflected the ability to radically improve the digital guest journey irrespective of end-market or industry vertical.
The firm also announced a five-year extension to its existing agreement with the Cedar Fair Entertainment Company, one of the world’s largest regional amusement resort operators, to provide the Accesso Passport ecommerce solution across all of its properties.
accesso also says it is continuing to grow beyond its traditional markets, with the expansion of its Ingresso system into the US, which it says has significant potential and would allow new and existing accesso clients to connect to an ever-expanding network of distribution channels.
The firms’ ShoWare arm also signed an agreement with the 2018 Special Olympics USA Games for ticketing at its opening ceremony in July, as well as forming a partnership with Marriott International's Gaylord Hotels to provide its fully integrated ticketing platform to the hotel chains’ events.
At last close on 17 August, accesso shares were trading at 2,660p, a 14% discount to the broker’s target price, giving it a market cap of around £720mln.
dreamcatcher
- 19 Sep 2018 19:35
- 74 of 79
Half year report
Operational Highlights
Operational Highlights - Continuing on our growth path
o Demand for our increasingly complementary suite of products and services remains strong.
o Unified ticketing businesses now supported by one operational backbone, supporting integration and future efficiencies.
o Underlying revenue growth during the period of 47%. Reported revenue growth was 16.7% following adoption of IFRS 15. Most significant impact of this adoption relates to a revenue stream formerly recognised on a gross basis now being recognised on a net basis, but with no overall impact on profit. Comparative reported numbers have not been restated.
dreamcatcher
- 19 Sep 2018 19:36
- 75 of 79
10:10 19/09/2018
Broker Forecast - Numis issues a broker note on Accesso Technology Group
Numis today reaffirms its add investment rating on Accesso Technology Group (LON:ACSO) and raised its price target to 3175p (from 2560p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
dreamcatcher
- 12 Oct 2018 16:39
- 76 of 79
Missed this -
accesso announces partnership with Google
RNS
RNS Number : 4692D
Accesso Technology Group PLC
10 October 2018
10 October 2018
accesso® Technology Group plc
("accesso" or the "Group")
accesso announces partnership with Google to provide new booking capabilities for clients
- Customer inventory to become bookable through Google on Google Maps, Search, and Assistant -
- Ingresso integration with 'Reserve with Google' reflects increasing demand for aggregated inventory -
accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment, cultural and hospitality markets, today announces it has partnered with Google to connect accesso clients with Google users through a new customer engagement channel.
The partnership, beginning in late Autumn 2018, will enable accesso clients to make their inventory bookable via Google Search, Maps, and Assistant. Users will now see a clickable "Find Tickets" button in their search results which links to the Ingresso platform, enabling them to purchase accesso-supported inventory directly through the world's largest and most powerful search engine.
From theme parks, to museums, to live events, Google users will have the option to seamlessly purchase tickets from hundreds of attractions within accesso's robust client portfolio. The option to extend reach through Reserve with Google will come at no additional cost to accesso clients utilising the Ingresso platform.
The 2017 acquisition of Ingresso marked accesso's entrance into the ticketing distribution space, and today's announcement marks a major step forward on its strategic path. As consumers increasingly put their faith in aggregators of ticketing inventory, like Google, this agreement represents a significant vote of confidence and display of trust in the Ingresso brand.
Paul Noland, CEO of accesso, commented:
"This partnership demonstrates the progress we are making along our strategic path to transform the fragmented market for the distribution of entertainment and leisure tickets. This integration through Reserve with Google speaks to the ever-evolving ways guests purchase ticket to their favourite venues around the globe. As a supported scheduling partner of Reserve with Google, we're excited for this opportunity to provide added value to our clients"
- Ends -
dreamcatcher
- 17 Oct 2018 16:03
- 77 of 79
accesso announces partnership with Groupon
RNS
RNS Number : 2641E
Accesso Technology Group PLC
17 October 2018
17 October 2018
accesso® Technology Group plc
("accesso" or the "Group")
accesso announces partnership with Groupon to provide new capabilities for clients
- Customer inventory to become bookable through Groupon -
- Ingresso integration with Groupon reflects increasing demand for aggregated inventory -
accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment, cultural and hospitality markets, today announces a strategic partnership with Groupon to utilise the Ingresso distribution platform to connect with some of the biggest names in entertainment and leisure.
The integration, beginning in late Autumn 2018, will allow for seamless mobile experience for Groupon customers, giving them instant access to ticketing inventory across Ingresso's supplier network. The agreement will also enable current accesso clients to make their tickets available to a vastly expanded audience, gaining access to Groupon's 49.5 million global active customers.
Following last week's announcement of a partnership for Ingresso with Google, today's announcement is a further demonstration of accesso'sstrengthening position in the ticketing distribution market after its entrance with the acquisition of Ingresso in 2017.
Paul Noland, CEO of accesso, commented:
"We're delighted to be announcing this partnership agreement with Groupon, a globally recognised brand in the eCommerce space. By partnering with Groupon we are responding to consumer demands that want to buy their tickets all in one place, and we are providing the backbone that allows them to do that".
Brian Fields, Groupon's Vice President and General Manager, commented:
"Working with Ingresso gives us the ability to leverage our huge presence on mobile to provide the best possible experience for our customers and merchants. As one of the biggest marketplaces for live entertainment in North America, this partnership will enable us to bring even more choices to the tens of millions of Groupon customers looking for fun things to do near them or where they travel."
- Ends -
dreamcatcher
- 15 Nov 2018 16:32
- 78 of 79
Village Roadshow Partnership Expansion
RNS
RNS Number : 4032H
Accesso Technology Group PLC
15 November 2018
15 November 2018
accesso® Technology Group plc
("accesso" or the "Group")
accesso expands relationship with Village Roadshow Theme Parks
- Village Roadshow's Gold Coast Properties to integrate accesso's ticketing, queuing and guest experience solutions -
- Operator will use accesso technology to engage with guests across the entire digital guest journey -
accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment, cultural and hospitality markets, today announces a strategic partnership with Village Roadshow Theme Parks ("Village Roadshow"). This expansion with the largest Australian theme park operator marks the first holistic integration of accesso's queuing, ticketing, and guest experience management solutions tailored to the attractions industry.
Village Roadshow, which already has accesso Passport installed at a number of its venues, will combine accesso Passport® with accesso LoQueueSM, The Experience Engine™ (TE2), and accesso ShoWareSM primarily across its Gold Coast properties - Warner Bros. Movie World, Wet'n'Wild Gold Coast and Sea World (Australia). These technologies will help it to engage with guests at every possible touchpoint along the digital guest journey: before, during and after a visit. Crucially, the integration will enable Village Roadshow to gather and leverage individual preference data to improve guest experiences, creating an integrated technology offering that adds value beyond the sum of its individual parts.
This partnership is the latest example of ongoing demand for accesso's product suite in the Group's traditional markets. This agreement with Village Roadshow also reflects the Group's ongoing geographic diversification, growing its foothold in Australia.
Paul Noland, CEO of accesso, commented:
"We are incredibly proud to expand our relationship with Village Roadshow Theme Parks and showcase the capabilities of our award-winning products. In today's technology-driven landscape, a new bar has been set for the guest experience and, through this integration, we are re-envisioning how operators can make lasting connections with guests."
Bikash Randhawa, COO for Village Roadshow Theme Parks, commented:
"As Australia's leading theme park operator, we are committed to seeking out new and innovative ways to drive revenue while delivering unforgettable experiences for our guests. We are thrilled to expand even further on our partnership with Accesso and look forward to benefiting from the implementation of its powerful, comprehensive range of solutions."
dreamcatcher
- 13 Dec 2018 14:13
- 79 of 79
The Bear Grylls Adventure
RNS
RNS Number : 3214K
Accesso Technology Group PLC
13 December 2018
13 December 2018
accesso® Technology Group plc
("accesso" or the "Group")
The Bear Grylls Adventure
accesso strengthens long-term relationship with Merlin Entertainments
Integrated queuing, ticketing and guest management solution for attraction in Birmingham, UK
accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment, cultural and hospitality markets, has announced an expansion of its partnership with Merlin Entertainments to implement a combination of accesso's ticketing, queuing and guest experience solutions at The Bear Grylls Adventure in Birmingham, England.
The Bear Grylls Adventure will combine accesso Passport®, accesso LoQueueSM, The Experience EngineTM and accesso PrismSM, here renamed BearTag, to deliver an unparalleled user experience to its guests. Upon arrival and check-in, each guest will receive a BearTag loaded with their custom itinerary, which will guide them through their chosen adventures with live messages and reservation notifications throughout their visit. The technology will also enable guests to make secure, cashless payments for meals and merchandise, receive marketing offers in real-time and claim free photos from their unforgettable experience.
This expansion is an indication of Merlin Entertainments' trust in accesso and is a further demonstration of the power of accesso's integrated offering. The Bear Grylls Adventure opened to the public in October as a permanent attraction at the NEC campus.
Paul Noland, CEO of accesso, commented:
"As one of the largest attractions' operators in the world, Merlin Entertainments has a long history of delivering new and innovative experiences for its guests. We're thrilled to expand this relationship by offering The Bear Grylls Adventure a holistic technological ecosystem that drives operator revenue while bringing the guest experience to a new level."
James Thomas, General Manager at The Bear Grylls Adventure, commented:
"The technology Accesso provides is truly the future of our industry. Through this partnership, we're providing our guests with personalized and unique access to their experiences, whether they're swimming with sharks or freefalling in our indoor skydiving wind tunnel. With just the swipe of a finger on the BearTag touch screen, our visitors have a world of adventure at their fingertips."